Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cushman & Wakefield Ltd. amended term loan of $1.0 billion of outstanding Term Loan with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR plus 3.75%.
- Instrument
- term loan
- Principal
- $1.0 billion of outstanding Term Loan
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term SOFR plus 3.75%
- Event
- amendment
Exact text from the filing
The Amendment repriced the Borrower’s Term Loan issued in August 2023 and due January 2030, reducing the applicable interest on the approximately $1.0 billion of outstanding Term Loan by 25 basis points from Term SOFR plus 4.00% to Term SOFR plus 3.75%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cushman & Wakefield Ltd. amended Amendment with JPMorgan Chase Bank, N.A., as administrative agent, and other Lenders party thereto valued at approximately $1.0 billion (effective 2024-04-09).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, and other Lenders party thereto
- Value
- approximately $1.0 billion
- Effective
- 2024-04-09
Exact text from the filing
Cushman & Wakefield U.S. Borrower, LLC (the “Borrower”) and DTZ UK Guarantor Limited (“U.K. Guarantor”), each a wholly-owned subsidiary of Cushman & Wakefield plc, entered into an amendment effective April 9, 2024 (the “Amendment”) to the existing Credit Agreement between the Borrower, U.K. Guarantor, JPMorgan Chase Bank, N.A., as administrative agent, and other Lenders party thereto (as so amended, the “Credit Agreement”).
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